ETFs

SMID CAP DIVERSIFIED VALUE FUND (ETF)

Fund Ticker
HWSM
Primary Exchange
Nasdaq
Fund Type
Active Equity

Long Term Performance (%) Average Annual Total Returns for periods greater than one year

As of 03/31/2026
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSince 03/31/2025
SMID ETF (NAV)-5.140.790.7912.39   12.93
SMID ETF (Market Price)-5.100.710.7112.32   12.95
Russell 2500 Value Index-4.764.774.7725.43   25.44
 1 MONTH3 MONTHYTD1 YEAR3 YEAR5 YEAR10 YEARSince 03/31/2025
SMID ETF (NAV)-5.140.790.7912.39   12.93
SMID ETF (Market Price)-5.100.710.7112.32   12.95
Russell 2500 Value Index-4.764.774.7725.43   25.44

The performance data quoted represents past performance. Past performance does not guarantee future results. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. 

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the SMID Cap Diversified Value ETF please visit www.hwcm.com OR call 1-800-796-5606. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk. Principal loss is possible. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies. Please read the prospectus for a full list of fund risks.

Diversification does not assure a profit nor protect against loss in a declining market.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value (NAV), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF’s ability to sell its shares. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

New funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies.

The Russell 2500® Value Index measures the performance of the small to mid-cap value segment of the US equity universe. This index is unmanaged and investors cannot invest directly in this index. Russell Investment Group is the source and owner of the Russell Index data contained herein (and all trademarks related thereto), which may not be redistributed. The information herein is not approved by Russell.

The SMID Cap Diversified Value ETF is distributed by Quasar Distributors, LLC

HOTCHKIS & WILEY
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